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Question 6 of 10 View Policies Current Attempt in Progress June 1 3 6 Pronghorn Warehouse distributes hardback books to retail stores and extends

 

Question 6 of 10 View Policies Current Attempt in Progress June 1 3 6 Pronghorn Warehouse distributes hardback books to retail stores and extends credit to all of its customers. During the month of June, the following merchandising transactions occurred. 9 15 17 20 24 26 < 28 30 > Purchased books on account for $2,775 from Catlin Publishers. Sold books on account to Garfunkel Bookstore for $1,500. The cost of the merchandise sold was $800. Received $75 credit for books returned to Catlin Publishers. Paid Catlin Publishers in full. Received payment in full from Garfunkel Bookstore. Sold books on account to Bell Tower for $1,500. The cost of the merchandise sold was $800. Purchased books on account for $800 from Priceless Book Publishers. Received payment in full from Bell Tower. Paid Priceless Book Publishers in full. -/4 Sold books on account to General Bookstore for $1,000. The cost of the merchandise sold was $800. Granted General Bookstore $290 credit for books returned costing $70. ||| Prepare a tabular summary to record the transactions for the month of June for Pronghorn Warehouse using a perpetual inventory system. Include margin explanations for the changes in revenues and expenses. (Enter negative amounts using either a negative sign

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